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☆ The Fed just made its last rate hike of the year. Here's what it means and what happens next.
▼ + stars: | 2022-12-15 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Fed Chair Powell took an aggressive stance at the podium Wednesday, effectively saying the central bank isn't done hiking rates. The Fed signaled it won't be taking its foot off the gas anytime soon with policy, but markets of late have been acting like a so-called Fed pivot is all but guaranteed. "Powell's very hawkish comments didn't get a very hawkish reaction from the market," Wright maintained. But the more the market ignores the Fed, the longer the Fed will have to keep monetary policy restrictive, which ultimately raises the odds of a recession. "We're likely to see head-fakes like this where the market looks for a Fed pivot," one strategist said.

☆ Michael Jordan: The NBA has renamed its MVP trophy after the Bulls great
▼ + stars: | 2022-12-13 | by ( Amy Woodyatt | ) edition.cnn.com time to read: +15 min

Andrew D. Bernstein/NBAE/Getty Images Jordan poses for a Little League Baseball photo in the late 1970s. Ken Levine/Getty Images Jordan famously shrugs his shoulders after hitting another 3-pointer during the 1992 NBA Finals versus Portland. "There is a reason you call someone the Michael Jordan of ... neurosurgery, or the Michael Jordan of rabbis, or the Michael Jordan of outrigger canoeing. Chip Somodevilla/Getty Images Jordan continues to promote Nike's Jordan Brand across the world. Jordan Brand/Getty Images Jordan cries at the Kobe Bryant memorial in Los Angeles in February 2020.

Smith takes over a staff that’s already nearly twice the size of Robert Mueller’s team of lawyers who worked on the Russia probe. Smith will also take on national security investigators already working the probe into the potential mishandling of federal records taken to Mar-a-Lago after Trump left the White House. Those lawyers maintain the former president is unlikely to be indicted, according to two sources familiar. Special Counsel Robert Mueller makes a statement about the Russia investigation on May 29, 2019 at the Justice Department in Washington, DC. Trump allies have consistently maintained that nothing Trump did related to the election and January 6 itself amounts to a crime.

☆ 'We cannot normalize this': Doug Emhoff leads White House roundtable to combat antisemitism
▼ + stars: | 2022-12-07 | by ( Peter Nicholas | Peter Nicholas Is A Senior National Political Reporter For Nbc News. | ) www.nbcnews.com time to read: +3 min

“Antisemitism is dangerous,” said Emhoff, the nation’s first Jewish spouse of a president or vice president. Second gentleman Douglas Emhoff during a roundtable about the rise of antisemitism in Washington on Wednesday. President Joe Biden has proposed raising that sum to $360 million in the coming year for the 2023 fiscal year. Conference speakers drew a link between antisemitism and another scourge that the Biden administration wants to confront: threats to democracy. “Antisemitism is the death knell of democracy,” said Deborah Lipstadt, a Holocaust scholar and the Biden administration’s special envoy to combat and monitor antisemitism.

Nancy Pelosi announced Thursday she will not be seeking re-election as House Democratic leader. Dozens of politicians, Republican and Democratic alike, expressed their gratitude for Pelosi's leadership. President Joe Biden greets Speaker of the House Nancy Pelosi, and Democratic Caucus Chair Hakeem Jeffries, before Biden addressed the House Democratic Caucus Issues Conference in Philadelphia earlier this year. "Nancy Pelosi's historic ascension to become the first woman Speaker of the House will forever inspire our nation on the power of possibility," he said. "Look I've been on both sides of Nancy Pelosi, it's much more pleasant when you're on the good side of her.

Christopher Gregory/Getty ImagesDonald McGahn, Trump campaign counsel: I was at the top. Trump's 2016 campaign aides said they paid about 50 people, including part-time actors, to appear as supporters for his 2016 campaign announcement. Corey Lewandowski, Trump campaign managerCorey Lewandowski: I called my wife just as we were getting onto the plane. Stuff that would be from Mars on any other campaign was perfectly normal for the Trump campaign. Mark J. Terrill/AP photo Show less Trump at the Republican National Convention while Cruz speaks on July 20, 2016.

☆ 'We're going to hang you': DOJ cracks down on threats to election workers ahead of high-stakes midterms
▼ + stars: | 2022-10-27 | by ( Chelsey Cox | ) www.cnbc.com time to read: +8 min

That is just one example of the rising number of violent threats election workers in the days leading up to the Nov. 8 midterms. "These threats against election officials continue," Michael McDonald, a professor of political science at the University of Florida, told CNBC. Additional funding from the $1.9 trillion American Rescue Plan can also be used to protect election workers, Polite said. DOJ launched an election threats task force in July 2021 to ensure voters are safe at the polls and to look into the rise in threatening behavior against election workers like Moss. Jared Polis signed an act protecting election workers from threats, coercion or intimidation into law.

Former Defense Secretary Ashton Carter died Monday evening after a "sudden cardiac event," his family said. He served as Defense Secretary in the Obama administration from 2015 to 2017. His sudden loss will be felt by all who knew him.”During his time as defense secretary, Carter was behind the campaign to defeat ISIS in Iraq and Syria. He held multiple positions within the Department of Defense, including Deputy Secretary and Under Secretary Defense for Acquisition Technology and Logistics, in addition to serving as Secretary. President Barack Obama and Vice President Joe Biden applaud Ashton Carter after Obama announced his nomination to be the next defense secretary on Dec. 5, 2014.

☆ Samuel Alito assured Ted Kennedy of his respect for Roe v. Wade's precedent years before writing the majority opinion that overturned the landmark case: report
▼ + stars: | 2022-10-25 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Justice Samuel Alito once told the late Sen. Ted Kennedy that he respected Roe v. Wade's precedent. The NY Times previewed portions of Kennedy's journal in "Ted Kennedy: A Life" by John A. Farrell. Despite assurances from Alito, Kennedy was unconvinced and voted against his confirmation. The June decision overturned Roe v. Wade and made clear that Alito had long been a critic of the case. Long-held precedent, Alito wrote "does not compel unending adherence to Roe's abuse of judicial authorities.

☆ Supreme Court Justice Samuel Alito told Ted Kennedy the legal basis ensuring abortion rights was 'settled' law in 2005, new book reveals
▼ + stars: | 2022-10-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

"I am a believer in precedents," the conservative Alito told Kennedy, the liberal Massachusetts Democratic senator wrote in his diary in November 2005, The New York Times reported. Farrell's new book, "Ted Kennedy: A Life," which features details of the diary entries, is being published Tuesday. Associate Justice Samuel Alito poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. "Judge Alito assured Mr. Kennedy that he should not put much stock in the memo," the Times reported. 'I was a younger person,' Judge Alito said.

☆ Bargain retailer TJX strategically placed to navigate a recession, JPMorgan says
▼ + stars: | 2022-10-17 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

TJX Companies (TJX) is competitively positioned to weather an economic slowdown, JPMorgan said Monday, underscoring the Club case for owning the off-price retailer. JPMorgan analysts added TJX — whose brands include T.J Maxx, Marshalls and HomeGoods — to their "Analyst Focus List," while reiterating an overweight rating and a Dec. 2023 price target of $80 a share. TJX stock, which is down about 13% year-to-date, was trading up more than 4% in midday trading Monday, at roughly $66.23 a share. That's helped to insulate the retail operator from a recession, JPMorgan analysts argued, and should allow management to make good on its promise to expand merchandise margins within the next three years. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ As Biden vows to 'protect' Social Security, here's what we know about the future of benefits
▼ + stars: | 2022-09-29 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

"I want to save Social Security, Medicare and Veterans benefits." A spokeswoman for Scott pointed to a recent interview where he said his plan would help make sure people get their Social Security benefits. Specific plans from both parties are needed to secure the future of both Social Security and Medicare, she said. Due to high inflation, estimates show the Social Security cost-of-living adjustment is poised to be the highest in decades, according to The Senior Citizens League. One more month of consumer price index data will come in before the official bump for next year is announced by the Social Security Administration.

Keep up to date on the latest of Trump's legal travails, both criminal and civil, with this guide to the ever-evolving Trump docket. The Issues: Trump's real estate and golf resort business is accused of giving its executives pricey perks and benefits that were never reported as income to taxing authorities. The issues: They say Donald Trump sicced his security guards on their peaceful, legal protest outside Trump Tower in 2015. Donald Trump, right, sits with his children, from left, Eric Trump, Donald Trump Jr., and Ivanka Trump during a groundbreaking ceremony for the Trump International Hotel on July 23, 2014, in Washington. The Issues: Donald Trump is accused of promoting a scam multi-level marketing scheme on "The Celebrity Apprentice."

☆ Millennials and Gen Z want to stop a climate catastrophe. But first they have to get elected.
▼ + stars: | 2022-09-22 | by ( Eliza Relman | ) www.businessinsider.com time to read: +24 min

Sen. Dianne Feinstein, a California Democrat, told young climate activists in 2019, "You didn't vote for me." AP Photo/Gemunu AmarasingheBut most policy debates aren't genuinely existential in the way climate change is. "Younger Democrats tend to have a much more friendly relationship and response to the party's activist class than older Democrats do." Fossil-fuel interests have played a central role in stymieing progress on climate change for decades. Nearly a decade later, Trump ran for and won the presidency — with Gingrich's early and staunch support — while calling climate change a "hoax."

☆ Public servants like teachers and police often get reduced Social Security. Congress is weighing a bill that could change that
▼ + stars: | 2022-09-21 | by ( Lorie Konish | ) www.cnbc.com time to read: +4 min

Monkeybusinessimages | Istock | Getty ImagesMillions of Americans may receive reduced Social Security benefits if they worked in public roles as teachers, firefighters, police or government workers. "There just aren't that many legislative days left," said Maria Freese, senior legislative representative at the National Committee to Preserve Social Security and Medicare. Why public servants encounter reduced Social SecurityThe Social Security Fairness Act calls for repealing two titles of the Social Security Act that reduce or eliminate benefits for Americans who work in public service — the Windfall Elimination Provision and the Government Pension Offset. The Social Security Fairness Act would fully repeal both rules, thus making benefits more generous for those affected. 82 would need offsets not to have a huge financial impact on the Social Security trust funds, and it doesn't provide that," Sprick said.

☆ Tech leaders dish on how asinine it is to try to describe their companies, products, and worth to Congress
▼ + stars: | 2022-09-21 | by ( Hanna Kang | Kayla Gallagher | ) www.businessinsider.com time to read: +24 min

Tech companies are worried an aging Congress can't meet or even understand their demands. Younger members of Congress are beginning to take the lead in conversations on tech issues. Hawley said younger members are generally more critical of big tech. However, he added, new technologies are more widely used by younger people, and users tend to understand technology better. Meanwhile, major tech companies continue to ramp up their federal lobbying spending, together spending more in 2021 than in any other year in history.

☆ A 3-way game of geriatric chicken featuring Trump, Biden, and Bernie has younger Democrats and Republicans itching for change
▼ + stars: | 2022-09-19 | by ( Darren Samuelsohn | Kimberly Leonard | ) www.businessinsider.com time to read: +11 min

The 2024 presidential race is already coming into view. These are arguments Biden is readying to run on as Trump — despite his numerous legal troubles — flirts with another White House bid. It's also the case that Sanders' 2024 aspirations remain in their own holding pattern until Biden makes his own formal declaration of his intentions. It's a fact the White House doesn't want to talk about. "The fact they both made it to the White House makes them think they both know how to get to the White House," said Brinkley.

☆ Biden says he plans to run for reelection in 2024, but here's one reporter's lesson from 2008 on why anything is possible
▼ + stars: | 2022-09-17 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +7 min

He said there was no chance of him becoming vice president. They're real," Biden told me that afternoon. Mark Bowden later asked Biden, then vice president, in his West Wing office about that marathon quote. "That was absolutely, positively true when I said it," Biden told him. I never, never, never, never aspired to be vice president.

What's next: Court-ordered depositions of Donald Trump, Ivanka Trump, and Donald Trump, Jr., were delayed by the death of family matriarch Ivana Trump. But their depositions finally wrapped on August 10, when Donald Trump testified before investigators in James' Manhattan offices. The issues: They say Donald Trump sicced his security guards on their peaceful, legal protest outside Trump Tower in 2015. Donald Trump Jr, Donald Trump and Ivanka Trump during the filming of the live final tv episode of The Celebrity Apprentice on May 16 2010 in New York City. The Issues: Donald Trump is accused of promoting a scam multi-level marketing scheme on "The Celebrity Apprentice."

What are credit card and bank rewards points worth? One great feature of the program is that all points are equal, so any account that earns Membership Rewards points has access to transfer partners. If you're a Bank of America Preferred Rewards customer, you'll earn 25% to 75% more points, depending on how much you have on deposit, but your rewards points are still worth 1 cent apiece. However, those miles expire after 36 months regardless of your account activity, so only transfer miles when you have immediate plans to redeem them. Non-elite members may transfer points to other members with the same address, provided both parties have been members for at least one year.

☆ The dirty little secret on how congressional staff thrive in the always-on world of modern politics is doing moonlight work like 80-hour weeks, including unpaid Saturdays and Sundays
▼ + stars: | 2022-06-04 | by ( Kimberly Leonard | Warren Rojas | Camila Dechalus | ) www.businessinsider.com time to read: +21 min

Some tasks included connecting with local reporters and coordinating messaging with partner political outfits such as EMILY's List and the Democratic Congressional Campaign Committee. That helped her boss' official congressional office save money it could then spend elsewhere, but it did nothing to help her own financial situation. Congressional staffers have used social-media accounts such as Dear White Staffers to spotlight professional burnout, inadequate pay, long hours, diversity failings, and caustic bosses. For example, one of the rules says a congressional staffer working in a congressional office must step outside the office to do campaign work. Or, if there is compensation offered — which isn't guaranteed — they may desperately need the additional money to supplement the low pay for congressional staff."

☆ Tom Carper's love of Amtrak doesn't take a back seat to Joe Biden's
▼ + stars: | 2021-06-06 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +14 min

His committee oversees surface transportation, and he loves trains, just like "Amtrak Joe." "Then they named it after Joe Biden, and my staff was so ticked off. Sen. Thomas Carper and then-Vice President Joe Biden speak at the former GM Boxwood Plant in October 2009 in Wilmington, Delaware. Tom Carper and Chris Coons speak to reporters after meeting with President Joe Biden at the White House in February, 2021. As he left, "Tell Joe Biden we love him," the ticket counter attendant said.

☆ Anthony Gonzalez snags GoodRx, Marie Newman sells Moderna, Gary Peters buys fossil fuel burners
▼ + stars: | 2021-04-26 | by ( Dave Levinthal | ) www.businessinsider.com time to read: +8 min

Newman sells ModernaLast week, Insider reporters Kimberly Leonard and Warren Rojas profiled the stock trades of Rep. Marie Newman, a freshman Democrat from Illinois, and her husband. On Wednesday, Newman reported that she or her husband made additional stock trades in January. And he and his wife last week reported making dozens of different stock trades and financial moves during March. Rep. Josh Gottheimer, a Democrat from New Jersey, made more than 60 stock trades during March. Rep. John Yarmuth, a Democrat from Kentucky, meanwhile made nearly 20 stock trades during March.

☆ EXCLUSIVE: Jared Kushner helped create a Trump campaign shell company that secretly paid the president's family members and spent $617 million in reelection cash, a source tells Insider
▼ + stars: | 2020-12-18 | by ( Tom Lobianco | Dave Levinthal | ) www.businessinsider.com time to read: +11 min

American Made Media Consultants became the source of consternation for President Donald Trump's campaign staff, who were kept in the dark about its operations. Despite its $617 million spending through AMMC, the Trump campaign publicly disclosed little information about the company, including how it used the money. Insider independently verified details of this person's account with other people close to the Trump campaign. The shell company — incorporated as American Made Media Consultants Corp. and American Made Media Consultants LLC — allowed Trump's campaign to skirt federally mandated disclosures. "Nothing was done without Jared's approval," the former Trump campaign advisor said.

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